File Photo: Reuters
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. Updated: 20 Mar 2020, 08:00 PM IST
All dues to micro, small and medium enterprises will be paid off immediatelyTata group companies have been asked to exercise extreme caution, while enabling work from home
MUMBAI: Tata group companies will ensure full payments to their temporary workers and daily wage earners, for March and April, working across their offices and production sites in India even if they fail to report for work due to precautionary measures, including site closures, in view of the Covid-19 outbreak.
“The current situation is likely to have a large and deep financial impact on the weaker socio- economic segments of our society,” N Chandrasekaran, chairman, Tata Sons Pvt Ltd, said in a statement while announcing the measure.
He added that group companies would ensure that all dues to micro, small and medium enterprises working with them are paid off immediately to provide them with liquidity.
“The other segment of particular focus is the Micro, Small and Medium Enterprise (MSME) sector. Our group companies follow a policy of making timely payments of legitimate dues,” he said.
Terming the Covid-19 outbreak a major global crisis, Chandrasekaran said that all Tata group companies have been asked to exercise extreme caution, while enabling work from home.
“We have asked our companies in India to rapidly and extensively adopt WFH to ensure that employees travel only in the most essential cases, excluding situations in which they are involved in the delivery of products and services for the larger public good,” he said expressing his concerns about the health and safety of employees and the suppliers involved in the ecosystem.
“These are tough and uncertain times, and the nation needs our collective efforts. Each day matters in our fight against this disease,” he added.